Greece: The third oil deposit in the history of the country is in production
The production of the “Epsilon” deposit in the Gulf of Kavala, the third oil deposit in the history of the country after Prinos (1981) and North Prinos (1996), has been in production since April 1.
In particular, Energean has successfully completed the EA-H3 horizontal drilling, which produces more than 1.000 barrels of oil daily.
The drilling reached 5.679 meters and penetrated 689 meters in the sandstone reservoir of “Epsilon”, according to the original design.
Energean will continue to monitor and adjust the drilling parameters to achieve optimal production conditions.
The EA-H3 drilling was carried out by the company owned drilling machine, “Energean Force”.
You may be interested
Odysseus’s Ithaca – Five beautiful beaches you must visitPanos - Jul 27, 2021
Ithaca is one of those hidden gems that Greece has to offer the inquiring traveller. The island, known as the…
Turkish businessman pays €76,000 fine in Mykonos for Covid-19 violation on yacht (video)Panos - Jul 27, 2021
A Turkish yacht owner paid a total of €76,000 for violating Covid-19 regulations in Mykonos. The businessman was fined for…